Portfolio Loans 2016

[Lane Kawaoka]

Recently I spent a few months searching for financing now that I am maxed out with my 10 Fannie Mae loans. I have checked with the big national lenders such as b2r, colony, Visio, Lima who charge 6-7 percent and 3-4 points.  Let me tell you its like pulling teeth trying to get a rate and fee quote (yes I totally understand that rates change and it is dependent on a variety of asset factors) 

I did find one small credit union that gave me 5.25% 80 LTV 25 year amortization, 5 year ARM, and only 0.5 point fee - problem is they are restricted to certain states.

Call me lazy but I don't really have the time to cold call the hundreds of banks (https://www5.fdic.gov/idasp/main.asp) to see if they have a portfolio loan program works for me in the markets I invest in. What have you found in terms of portfolio lenders - please PM me and lets get a think tank going?

Birmingham, Atlanta, Indianapolis, Memphis, Kansas CIty